The HCSF coordinates its action with several European institutions, including the European Central Bank, the European Systemic Risk Board, the European Commission, the EBA, and the macroprudential authorities of other Member States. This coordination is essential for harmonised financial stability within the EU.

The HCSF was established by the law on the separation and regulation of banking activities of 26 July 2013. This law marked a turning point in French financial regulation by replacing the Conseil de régulation financière et du risque systémique (COREFRIS) with the HCSF, which became the designated national macroprudential authority under European legislation.

The HCSF has the power to restrict withdrawals on life insurance, introduced by the loi Sapin 2 of 9 December 2016. This power is crucial for managing systemic risks related to this type of financial product.

The HCSF ensures cooperation and information exchange between the authorities represented on its board, notably the ACPR and the AMF, which may transmit information covered by professional secrecy. This mission is essential for effective oversight of the financial system.

The sectoral systemic risk buffer can indeed reach up to 5% of exposures. This mechanism is an important tool for strengthening the resilience of financial institutions against systemic risks.

The HCSF was officially inaugurated on 3 June 2014 by Michel Sapin, then Minister of Finance. This date marks the official start of its activities as the national macroprudential authority.

The HCSF's instruments are classified into three categories: soft-law instruments (non-binding), intermediate instruments (requiring a formal response), and binding instruments (legally enforceable). This classification is essential for understanding its toolkit.

Articles L631-2 and L631-2-1 of the Code monétaire et financier precisely define the seven core missions entrusted to the HCSF. These articles are essential for understanding the legal framework within which the HCSF operates.